The Bank of Canada made headlines once again by cutting its benchmark interest rate for the third consecutive time this year, bringing it down to 4.25%. While the Bank has signaled the possibility of further cuts, it has also emphasized the need to guard against inflation falling too far below its target of 2%. As we look ahead, it’s essential to understand what this means for home Buyers, the housing market, and the broader economy. A Closer Look at the Rate Cuts The most... [read more]

When purchasing a property, everyone knows you need a down payment, but many people don't realize that in addition to your down payment, more funds are needed to cover your closing costs. Closing costs are fees that can include title insurance, tax and utility reimbursements, land transfer tax, and miscellaneous smaller fees for services like notaries and wire transfers. If you are getting a mortgage, your lender could also charge appraisal, underwriting and application fees. How much... [read more]